Business
Why the CBA share price could surge this morning – Motley Fool Australia
The Commonwealth Bank of Australia (ASX: CBA) share price could be on the move as ASIC dropped its investigations into AUSTRAC breaches.
The Commonwealth Bank of Australia (ASX: CBA) share price is one to watch this morning after ASIC dropped a key investigation into the Aussie bank.
What did CBA announce?
CBA was notified that the Aussie corporate cop had dropped its investigation into the bank over its AUSTRAC scandal.
The proceedings, commenced by the Australian Transaction Reports and Analysis Centre (AUSTRAC) in August 2017, alleged money laundering breaches by the bank.
However, ASIC has concluded its investigations and…
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